Retirement plan

COMMON GROUND CHILDCARE 403(B) PLAN

Name: THE CHILD CARE CENTER OF THE COMMON GROUND - COMMON GROUND CHILDCARE 403(B) PLAN (2023) Form 5500
Creator: THE CHILD CARE CENTER OF THE COMMON GROUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMON GROUND CHILDCARE 403(B) PLAN, THE CHILD CARE CENTER OF THE COMMON GROUND

THE CHILD CARE CENTER OF THE COMMON GROUNDEIN 54-0913856Plan #001PY 2023

1700 WAINWRIGHT DRIVE - RESTON, VA 20190703-437-8226

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$866K

+22.3% from 2022

Total participants

+2.2% from 2022

Average account balance

$19,251

+19.6% from 2022

Annual return

12.89%

+27.53 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.22M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$25K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

128.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$104K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$29

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2M3D2G2F2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$22K

$846 / participant

Other / not subdivided$22K100.0%

% of EOY assets

2.539%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,251

$77,908-75.3%

$149,696-87.1%

$75,173-74.4%

Participation rate

92.3%

65.6%+26.7pp

78.8%+13.5pp

67.2%+25.1pp

Annual return

12.89%

31.73%-18.8pp

134.46%-121.6pp

160.72%-147.8pp

Employer contribution / active EE

$1,752

$3,138-44.2%

$4,821-63.7%

$2,671-34.4%

Participant deferral / active EE

$1,657

$3,411-51.4%

$5,682-70.8%

$4,126-59.8%

Admin fee / account holder

$489

$5,950-91.8%

$13,212-96.3%

$5,651-91.3%

COMMON GROUND CHILDCARE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMON GROUND CHILDCARE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion